One week later and I made my second purchase for the month of January. Sticking with the theme of finding unloved stocks to buy and my January stock considerations list, I remained within the health REIT sector as 2018 proved to be a very rough start for many stocks in the space. Buying when others are selling usually plays out well for those with enough patience to weather the uncertainty of downward trends. With that being said:
I have added to my IRA account 19.3473 shares at $41.35 for a total investment of $800.01 in LTC Properties, Inc. (LTC). With this recent purchase my IRA account holdings in LTC now totals 29.7521 shares with a market value of $1,219.24.
As interest rate hike fears began to grip the sector and continued policy uncertainty from D.C. plagues the space, we are seeing much better buying opportunities not seen in a while. With three or four interest rate hikes remaining possible for 2018 it’s probably a safe bet to assume that the REITs will remain under pressure for the near and mid term. Of course, that simply means better buying opportunities for those willing to dip their toe into an unloved sector. Another benefit of buying into this sector is the super size yields now being offered as a result of consistent price declines.
What do you about about my recent purchase? Are any of you also considering stocks in the battered health REIT sector? Please let me know below.
Disclosure: Long LTC